Bitwise Asset Management has updated its proposed Solana exchange-traded fund (ETF) to explicitly include “Staking” in the fund’s name and disclosed a 0.20% unitary sponsor fee—one of the lowest headline fees yet seen for a US crypto ETF. Bloomberg’s James Seyffart flagged the amendment late Wednesday, writing: “NEW: Bitwise files an update to their Solana ETF filing to include Staking in the name and provides the fee. Fee will be 0.20%.”

In follow-up posts, Seyffart added that “no fee for the first 3 months and for the first $1 billion in AUM [assets under management]” would apply—an aggressive launch incentive mirroring the fee-war playbook that helped turbocharge spot bitcoin ETFs at the start of the year. Eric Balchunas, his colleague at Bloomberg, underscored the move’s competitiveness: “Bitwise not playing around, plans to charge just 0.20% for their spot Solana ETF.”

Solana Staking ETF Launch Date Remains Unclear

The amendment signals that issuers and the Securities and Exchange Commission have narrowed outstanding issues on the structure of spot Solana products that incorporate staking, a feature unique to proof-of-stake assets. Earlier in the year, the SEC asked prospective Solana ETF sponsors to submit updated S-1 registration statements—widely interpreted as a pre-launch step once substantive policy questions are settled.

Timing remains the key variable. The US government shutdown that began on October 1 has forced the SEC onto skeleton staffing, slowing most non-urgent reviews and stalling a broad slate of securities registrations. With more than 90% of the SEC’s staff furloughed, routine offering and listing processes are largely paused—an overhang that could push back crypto ETF effective dates even as the paperwork advances. A

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Author: Jake Simmons